Comcast to split NBCUniversal and cable into two companies
Comcast said it will break itself into two independent, publicly traded companies through a tax-free spin-off targeted for completion by mid-2027.
One company, built around Comcast Cable, keeps the broadband, wireless and connectivity business that reaches more than 65 million U.S. homes and businesses. The other holds NBCUniversal — NBC, Telemundo, Peacock, Bravo, the Universal film and TV studios, theme parks and the European media operation Sky. Brian Roberts stays chairman of both and retains roughly one-third voting control through Class B shares; Mike Cavanagh will run NBCUniversal and former Comcast finance chief Michael Angelakis will run Comcast Cable. Comcast plans to retain up to 19.9% of NBCUniversal for as long as a year before monetizing the stake.
The split reflects the diverging economics inside the company. Broadband and wireless throw off steady cash and compete with telecom rivals, while the media and studio assets face the costlier fight for streaming subscribers and live rights. Separating them lets each pursue its own strategy and capital structure — and positions the media business, in particular, as a cleaner unit should further industry consolidation follow.